Business Risk Senior Analyst - AVP - PUNE

Citi Bank

5 - 10 years

Pune

Posted: 01/05/2025

Job Description

This particular Business Risk Officer will be a dedicated Business Activity Owner (BAO) and will be responsible for managing third party relationships for Markets. The BAO role requires in depth business product knowledge and expertise and will manage the third party relationship across all stages of the third party lifecycle.  The BAO will work in concert with Third Party Officers (TPOs), business operations and technology teams, internal functions, risk organizations and second line of defense to identify, manage and mitigate risk. This role will have a global remit. 

Responsibilities:

  • Responsible for managing a portfolio of third party relationships and collaborating with key stakeholders to identify, mitigate and report risks. 
  • Works closely with business partners on findings resulting from control execution.
  • Stays abreast of procedural implementation and change management processes to ensure proper governance and controls exist.
  • Completion of risk assessments to determine inherent risks associated with third party portfolio. 
  • Onboard new third party relationships in collaboration with TPO and business stakeholders. 
  • Track issue management along with risk exceptions and effectively communicate risks resulting from those issues. 
  • Escalate emerging risks as appropriate.
  • Manages multiple controls with differing levels of risk and due dates.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and /or other team members.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

  • 5+ years relevant work experience in Business Risk & Controls
  • 5+ years’ experience in financial services
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Effective organizational influencing skills required
  • Demonstrated ability to lead global team efforts
  • Education: Bachelor’s/University degree or equivalent experience

About Company

Citi Bank, officially known as Citibank, is a global financial institution and the consumer division of Citigroup, a leading multinational banking corporation. Established in 1812, Citibank provides a wide range of financial services, including retail banking, credit cards, personal loans, wealth management, and investment banking. With a strong presence in over 100 countries, it serves millions of customers worldwide, offering both individual and business banking solutions. Citibank is known for its digital banking innovations, global reach, and commitment to financial inclusion and economic growth.

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